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Do you want to retain control over your property while maintaining anonymity? Are you familiar with Florida Land Trusts? They allow you to maintain the power of direction over a property, including where proceeds are paid and who the property is transferred to, while appearing in no public records?

There are many reasons that a short sale can fall through for reasons that are out of your control. A big reason is that the buyer does not come through.

If you are contemplating a short sale, there are some things that you should consider. The short sale will appear on your credit report for the next 7-10 years.

To get your lender to approve your short sale, there are a number of documents that your lender is going to want to see from you. It's not enough that you've missed payments,

A Florida Land Trust can allow the true beneficiary of a property to remain private, but this is only the start of a Land Trust's benefits. A land trust can

 At Kirschbaum Law Office, LLC, our clients come first. In every situation clients are treated with courtesy and respect.

Far too often, in this market, there comes a time when the balance on your mortgage far exceeds the value of your property. Combine that with a financial hardship, and it may be time to consider a short sale. 

Does a creditor have a judgment against you? How do you keep them from trying to enforce the judgment against the equity in your home?  In Florida, your primary residence is protected from the claims of most creditors.

The first step is to make sure that there is no question that this property is in fact your primary residence. This is especially important if you own more than one property. This can be done by filing a Declaration of Domicile and having it recorded in the official records. Florida statutes state that "

Such sworn statement shall contain, in addition to the foregoing, a declaration that the person making the same is, at the time of making such statement, a bona fide resident of the state, and shall set forth therein his or her place of residence within the state, the city, county and state wherein he or she formerly resided, and the place or places, if any, where he or she maintains another or other place or places of abode.

Contact our office to see if this can help your situation, or to explore other solutions.


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